Details

Architects of Electronic Trading


Architects of Electronic Trading

Technology Leaders Who Are Shaping Today's Financial Markets
Wiley Trading 1. Aufl.

von: Stephanie Hammer, Michael Kuhn

48,99 €

Verlag: Wiley
Format: PDF
Veröffentl.: 31.05.2013
ISBN/EAN: 9781118488102
Sprache: englisch
Anzahl Seiten: 208

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Beschreibungen

<b>Insights that can help you improve your technology edge</b> <p>Featuring contributions from technology visionaries at leading alternative investors, hedge funds, trading firms, exchanges, and vendors, this book covers current trends in trading technology. The book features interviews with the leaders responsible for the technology that is shaping today's electronic financial markets. You'll hear the views of CIOs, CTOs, and other technology leaders on emerging technologies, innovation in the financial sector, and how technology is enhancing markets in ways other than just speed. Their perspectives on harnessing technology to enhance computing power, reduce time to market, bolster risk management, and much more offer valuable lessons for readers.</p> <ul> <li>Includes a wealth of practical insights on how to improve your technology edge</li> <li>Features interviews with leading technology professionals in the financial industry across an array of asset classes and markets</li> <li>Serves as a topical guide to the latest developments, enhancements and applications of technology to tackle trading and risk management challenges</li> <li>Includes insights from top technology professionals on evaluating and adopting technology solutions</li> <li>Looks at the effects of technology on finance professionals and their businesses as well as the global finance industry generally</li> </ul>
<p>Foreword vii</p> <p>Acknowledgments xi</p> <p>About the Author xiii</p> <p><b>Chapter 1 Meet the Architects Agents of Change 1</b></p> <p><b>Chapter 2 Business Challenges Driving New Technology 7</b></p> <p><b>Chapter 3 Laying a Strong Foundation with Transformational Technology 13</b></p> <p>Suhit Gupta, Technology Consultant 14</p> <p><b>Chapter 4 Hardware Acceleration with FPGAs 23</b></p> <p>Jan-Dirk Lueders, CMT, Capital Markets Trading, and Robert Walker, xCelor 24</p> <p><b>Chapter 5 GPUs Affordable Desktop Supercomputing 33</b></p> <p>Gerald Hanweck, Jr., PhD: Hanweck Associates 34</p> <p><b>Chapter 6 Microwaves in Trading Conquering Resistance 45</b></p> <p>Mike Persico, CEO and Founder, Anova Technologies 46</p> <p><b>Chapter 7 Cloud Computing Moving toward Acceptance 59</b></p> <p>Ken Barnes, Options IT 60</p> <p><b>Chapter 8 Globalization and Automation Unfinished Business 69</b></p> <p>Justin Llewellyn-Jones, Fidessa Corporation 70</p> <p><b>Chapter 9 Room for Improvement in Risk Control 81</b></p> <p>Mark Gorton, Tower Research Capital 81</p> <p><b>Chapter 10 Trading Systems Dealing with Velocity 89</b></p> <p>Kevin Kometer, David Hoag, and Ian Wall, CME Group 91</p> <p><b>Chapter 11 Technology and Alternatives Benefits of Better Data 99</b></p> <p>William Murphy, The Blackstone Group 100</p> <p><b>Chapter 12 Data Centers Harnessing Networks 107</b></p> <p>John Knuff, Equinix 108</p> <p><b>Chapter 13 Evolution The New Revolution in Trading Systems Design 121</b></p> <p>Jürg Spillmann and Wolfgang Eholzer, Eurex Exchange 122</p> <p><b>Chapter 14 FIX The Power of Standardization 131</b></p> <p>W. Brennan Carley, Thomson Reuters 132</p> <p><b>Chapter 15 Big Data, Big Opportunities 143</b></p> <p>David Siegel, Alan Choyna, and Clara Bonaccorsi, Bottom Line Metrics 144</p> <p><b>Chapter 16 Social Media in Trading Making Sense of It 153</b></p> <p>Joe Gits, Social Market Analytics 156</p> <p><b>Chapter 17 The View from Emerging Markets, China 167</b></p> <p>Ming Hua, Southwest Securities Company 168</p> <p><b>Chapter 18 Special Focus The Shortage of IT Talent 177</b></p> <p>Daryan Dehghanpisheh, NYSE Technologies 178</p> <p>Conclusion A Call for Continued Education 187</p> <p>Index 189</p>
<p><b>STEPHANIE HAMMER</b> is a professional marketer and freelance writer. She has fifteen years of experience in the listed derivatives markets including time as a trader at a proprietary trading firm. She began her career at Eurex Exchange and also served as head of communications for the exchange in Frankfurt, Germany. Stephanie holds a bachelor’s degree from Bryn Mawr College and a master’s degree in international relations from the London School of Economics and Political Science. She is fluent in both Spanish and German. Stephanie lives in Chicago with her husband and two daughters.</p>
<p><b>Praise for <i>Architects of Electronic Trading</i></b></p> <p>"Within the financial industry, it is rare to encounter a work about innovation that is not focused on mathematical models or regulation-driven market structure changes. <i>Architects of Electronic Trading</i> is a refreshing standout, focusing on the rapid technological innovation driven by a niche sector of the financial industry. Ms. Hammer strikes a balance of introducing complex technical concepts to the layperson, while discussing cutting-edge topics of interest to practitioners. Her work aptly captures the inspirational excitement and optimism of these little known innovators and entrepreneurs."<br /> —<b>Jennifer Wilson</b>, Partner, DRW Trading Group</p> <p>"Technology in electronic trading is much more than just squeezing out the last microseconds of latency. This book gives a broad overview of many other important uses of technology such as risk control, data quality, and automation, focusing on key people and how they see their challenges. This novel approach makes it a very interesting view into the modern landscape of electronic trading."<br /> —<b>Robert Almgren</b>, PhD, President and cofounder, Quantitative Brokers</p> <p>"The industrialization of financial services in general, and trading in particular, did not change much from the seasonal fairs and markets of the middle ages through the 20th century. The great leap was the coming of the digital age that allowed for straight-through processes, scalability and analysis of large amounts of data, and complex parametrics in real time. This book is a comprehensive survey of the motivations, expectations, risks, and successes of the architects in their harnessing the potential of these new technologies. For those looking to the future, <i>Architects of Electronic Trading</i> provides ample food for thought directly from the true architects themselves."<br /> —<b>Richard Heckinger</b>, Vice President and Senior Policy Advisor, Financial Markets Group, Federal Reserve Bank of Chicago</p> <p>"<i>Architects of Electronic Trading</i> is a valuable resource for anyone who wants to understand what is shaping the financial industry now and which technology is likely to play a role in the future. This book comprises a series of well-presented interviews with experts, whose lucid views provide fascinating insight on a technology-dependent industry that is changing rapidly."<br /> —<b>Adam Cox</b>, Editor-in-Chief, <i>Automated Trader</i></p> <p>"Technology is central to today's financial markets, and all areas of the business stand to benefit from this comprehensive presentation of the key technology trends in our industry. Stephanie Hammer's work is unique in that it covers a broad range of innovative applications of technology that normally aren't publicly discussed. By choosing a broad approach rather than a specific area of focus, she succeeds in giving readers a useful 'big picture' perspective."<br /> —<b>Vassilis Vergotis</b>, Executive Vice President, Eurex</p> <p>"Anthologies about trading have always disappointed me by either being ego-driven 'aren't I wonderful' pieces or an 'alchemist's guide' to markets for the reader who wants to know the secrets of trading. Stephanie has written a book that actually engages the reader in close reading and thoughtful introspection."<br /> —<b>Larry Schulman</b>, CEO, Cheiron Trading LLC</p> <p>"Stephanie has done a tremendous job in giving the reader an invaluable insight into the minds that have reshaped the trading industry with their innovation, technology, and vision. This book takes on some complex topics and succeeds in making them understandable for all in the markets. I learned a lot."<br /> —<b>Mohan Virdee</b>, CEO and founder, Markets Media</p>

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